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20121108
20121116
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of this event which were very grateful for, and i think it's symbolic of incredible new energy that is developing in detroit and i should also say that josh created a company called, in 1999 here in detroit, operating all this time. two weeks ago it sold for a nice exit. here's a story of a company, a local copy that came from here, when all the way and he's an real well with the. even vested in a ton of other companies. so i just want to start asking you, steve, you know, when i told you about this you like it neatly, you want to be a part of the trick why do you think techonomy detroit was a good idea? >> i didn't think it was good at that is a great idea. i appreciate that you're willing to do this and shine a spotlight on detroit because to me it is not just about detroit commission of the story of aqaba notion in america and how it really is spread more broadly through the nation than we sometimes relate. silicon valley is the epicenter of enormous innovation, tremendous companies there, exciting, something we're all proud of. but there's also a lot of companies all across
energy was spent on health care and other things coming into the question is do you see that -- how do you strike that balance and do you see that changing as you go forward into the next four years? >> to complicate your questions about what the balance in the short term and the immediate and long-term things that matter for the strength of the economy and i think it's important to recognize that as we get to the next phase of the fiscal reform debate you have to think about this not just about how you bring them down gradually to the point they are sustainable you to think about it in terms of what can you do to improve the long-term growth in the american economy? there are things we have to do in infrastructure and education just to name to that are important to the potential of the country and are not very expensive. if we sacrifice those objectives in the interest of getting more fiscal restraint more quickly than is desirable would do damage across the country, so i would just encourage people to look at -- we want to look at things that are good for growth now and over the long
and the truth is, they are brutal. you look what is happening in the iranian energy area, not only the fact that they're able to sell, you know, less than 50% of what they were selling before. it is that their production, their output is down from over 4 million barrels a day to 2.6 million barrels a day. part of the reason for that is precisely because of the sanctions, the inability to continue to invest in the energy infrastructure, the inability to continue to pump and store oil as they shut down oil fields that may not be so easy for them to recoup. you look what is happening to the currency, the devaluation. there are some estimates that the currency is being devalued by half every two months. think about what that means. it means that what you're buying, when you go and you buy something it costs you twice as much. it means what you have in the bank is worth half as much. if this is continuing to happen, it is bound to have an effect on the society as a whole whole. look at what the supreme leader has been saying over the last couple weeks. on more than one occasion he has explicitly
Search Results 0 to 2 of about 3